Government Budget Balance (Local Currency) fell 32.9% to -1,040 in USA in 2018

Government Budget Balance (Local Currency)
Economy | USA | March 8, 2019
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Excel Sheet

Government budget balance reached -1,040 in 2018 in USA, according to the National Statistical Office. This is 32.9 % more than in the previous year.

Historically, government budget balance in USA reached an all time high of 229 in 2000 and an all time low of -1,438 in 2010. When compared to USA's main peers, government budget balance in Canada amounted to -32.2, -3,694 in China, -20,382 in Japan and -619 in Mexico in 2018.

USA has been ranked 73rd within the group of 84 countries we follow in terms of government budget balance, 50 places above the position seen 10 years ago.

A government budget deficit is the amount by which government revenues fall short of government spending (the opposite being a budget surplus).

Government Budget Balance (Local Currency) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia -26.9 -21.9 -19.3 -7.31 3.26
Belize ... ... ... ... ... ... ... ... ...
Canada -25.5 -32.2 -30.0 -28.0 -28.3
China -3,254 -3,694 -4,318 -4,572 -4,819
Guatemala -7.09 -7.93 -10.5 -12.9 -15.7
Honduras ... ... ... ... ... ... ... ... ...
India -11,264 -12,332 -13,759 -15,002 -16,277
Japan -22,824 -20,382 -15,805 -12,214 -11,749
Mexico -517 -619 -658 -685 -716
Russia -1,061 1,598 1,838 1,267 667
South Korea 43,308 44,054 31,348 21,564 12,887
USA -782 -1,040 -1,194 -1,198 -1,253
United Kingdom -36.3 -41.2 -37.6 -33.5 -30.8